Singapore Visitor Arrivals in March 2010

Visitor arrivals to Singapore registered 17.3% growth to reach 928,000 in March 2010, the highest ever recorded in the month of March. This is the fourth consecutive month of record visitor arrivals. Visitor days were estimated at 3.5 million days, a year-on-year growth of 16.4% in comparison with March 2009.

Indonesia (166,000), P.R. China (88,000), Malaysia (82,000), Australia (64,000), and UK (54,000) were Singapore’s top five visitor-generating markets in March 2010. These markets accounted for 49% of total visitor arrivals for the month.

14 out of the top 15 markets registered positive year-on-year growth in March this year. This can be attributed to a gradually improving economic climate, leading to an improvement in travel sentiment to Singapore.

South Korea (+45%), Malaysia (+36.8%) and Indonesia (+29.2%) registered the highest growth out of the top 15 markets.

Gazetted hotel room revenue was estimated at Sin$163 million, representing an increase of 23.1% compared to a year ago.

Average Occupancy Rate posted a 14 percentage point increase over March 2009 to reach 87.1% in March 2010. Average Room Rate increased by 3.3% to reach an estimate of Sin$205. RevPAR increased by 23.1% to reach Sin$179.

Hotel room revenue grew 23.1% against March 2009 to reach an estimated Sin$163 million in March 2010.

In March 2010, the AOR of Economy-tier reported the largest growth (+14.3 percentage points) against March 2009 to reach 85%. The ARR of Upscale tier recorded the largest growth of 9.5% against March 2009 to reach $239 in March 2010. Hotels in the Upscale tier reported the largest growth (+30.3%) in RevPAR in March 2010 to reach $210.

See also: Singapore Visitor Arrivals in February 2010 and Singapore Visitor Arrivals in March 2009

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